James Hogan, chief executive of Etihad Airways has said talks on investing in struggling Italian carrier Alitalia could swing either way and hinge on terms laid down by the Abu Dhabi-based airline, Reuters has reported. Asked in an interview how confident he was at this stage of the deal going through, Hogan said: “It’s 50-50.” He added that the talks could go either way. “We had also entered into due diligence with other airlines in the past and walked away.”